COIN Options History — February 2024

In February 2024, COIN traded between $117.51 and $202.80. ATM implied volatility averaged 84.4%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 5.5% (HV 20d: 79.0%). Max pain ranged from $115.00 to $150.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.47.

Notable Days

2024-02-16: Highest Volume — 641,365 contracts
2024-02-26: Largest IV spike — 20.7% change
2024-02-28: Highest IV Rank — 51.7%
2024-02-28: Largest Expected Move — 28.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$157.54	$117.51	$202.80	$129.36	$202.80
Max Pain	$124.50	$115.00	$150.00	$115.00	$150.00
ATM IV	84.4%	73.2%	96.4%	75.3%	89.0%
Expected Move	24.3%	20.8%	28.2%	21.5%	25.9%
HV 20d	79.0%	56.3%	101.7%	58.1%	99.0%
HV 60d	74.7%	65.6%	83.1%	65.6%	82.0%
IV Rank	36.1%	21.6%	51.7%	22.8%	44.9%
IV Percentile	50.6%	19.0%	75.8%	24.2%	65.9%
Term Structure	-1.1%	-4.4%	0.4%	-0.1%	-2.7%
VWIV	86.9%	75.1%	100.8%	76.0%	95.7%
Skew 25d	-6.5%	-14.5%	0.4%	-1.0%	-10.2%
Skew 10d	-11.6%	-28.4%	1.7%	0.1%	-18.4%
Call IV 25d	90.0%	75.4%	108.4%	76.8%	97.2%
Put IV 25d	83.6%	72.8%	93.9%	75.8%	87.0%
Bid-Ask Spread %	16.62	4.50	33.49	18.80	13.92
Gamma HHI	0.09	0.05	0.40	0.08	0.06
Net GEX	48.2M	737.3K	105.8M	41.8M	67.8M
Net DEX	-2.86B	-5.48B	-224.1M	-1.03B	-5.19B
Net VEX	-11.9M	-15.3M	-9.1M	-10.1M	-15.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.27	0.82	0.35	0.58
Total Volume	259,071.1	97,958	641,365	147,792	285,053
Total OI	796,114.7	705,995	933,364	786,458	903,573

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-02-01	$129.36	$115.00	75.3%	21.5%	58.1%	22.8%	76.0%	-1.0%	-0.1%	41.8M	-1.03B	-10.1M	0.35	18.80	109,556	38,236	431,092	355,366
2024-02-02	$129.10	$115.00	74.6%	21.2%	56.3%	21.9%	75.1%	-0.3%	-0.1%	37.2M	-966.8M	-10.0M	0.41	31.06	101,076	41,291	440,003	359,358
2024-02-05	$117.51	$115.00	79.9%	22.5%	63.6%	29.1%	79.7%	0.4%	-0.7%	737.3K	-224.1M	-9.1M	0.82	16.53	94,884	77,913	385,284	320,711
2024-02-06	$119.15	$115.00	78.7%	22.2%	62.3%	27.4%	78.8%	-0.7%	-0.9%	2.8M	-386.5M	-9.4M	0.70	33.49	57,687	40,271	413,327	342,750
2024-02-07	$122.16	$115.00	80.1%	22.7%	62.3%	29.3%	78.6%	0.2%	-0.6%	12.7M	-649.1M	-9.7M	0.35	25.67	158,001	55,400	423,076	344,744
2024-02-08	$131.72	$115.00	81.0%	23.0%	69.5%	30.5%	82.0%	0.0%	-0.9%	65.1M	-1.63B	-10.6M	0.41	22.24	168,459	69,127	441,441	352,098
2024-02-09	$141.13	$115.00	89.9%	25.4%	71.3%	42.6%	89.0%	-3.5%	-2.7%	55.1M	-2.73B	-11.3M	0.30	26.85	344,640	102,221	455,946	369,659
2024-02-12	$148.19	$120.00	95.5%	27.1%	67.5%	50.1%	97.1%	-8.5%	-0.0%	42.9M	-2.61B	-11.9M	0.55	13.88	104,172	57,457	428,800	331,569
2024-02-13	$140.59	$120.00	91.2%	26.1%	70.6%	44.3%	93.2%	-7.1%	-0.4%	32.2M	-1.98B	-11.7M	0.48	20.30	82,240	39,201	445,319	352,929
2024-02-14	$160.49	$120.00	95.6%	27.4%	84.3%	50.3%	98.3%	-12.6%	-4.4%	55.2M	-3.62B	-12.2M	0.53	12.46	161,418	86,211	450,294	358,327
2024-02-15	$165.76	$120.00	96.4%	27.8%	79.7%	51.4%	100.8%	-14.5%	-2.6%	57.5M	-4.00B	-12.7M	0.48	14.58	226,259	109,121	470,782	378,813
2024-02-16	$179.75	$125.00	80.9%	23.3%	82.5%	30.4%	82.9%	-7.9%	-0.6%	105.8M	-5.48B	-12.3M	0.40	10.38	459,395	181,970	517,633	415,731
2024-02-20	$172.81	$125.00	81.3%	23.2%	84.7%	31.0%	84.1%	-8.1%	-2.2%	47.0M	-3.10B	-12.3M	0.50	12.63	162,205	80,418	406,384	309,705
2024-02-21	$162.29	$130.00	77.4%	22.4%	88.0%	26.3%	82.0%	-5.1%	-1.0%	34.9M	-2.40B	-12.2M	0.47	9.44	90,950	42,385	439,601	325,614
2024-02-22	$170.41	$130.00	77.8%	22.2%	87.7%	27.7%	79.7%	-6.5%	-0.5%	51.0M	-3.04B	-12.6M	0.27	15.22	125,048	34,257	451,854	332,317
2024-02-23	$165.58	$130.00	73.2%	20.8%	88.8%	21.6%	75.2%	-5.1%	-0.3%	46.5M	-2.67B	-12.3M	0.39	11.24	128,549	50,039	455,550	336,539
2024-02-26	$193.44	$130.00	88.3%	26.2%	101.7%	43.8%	93.4%	-12.8%	-0.8%	66.0M	-4.87B	-13.2M	0.45	8.78	280,209	126,322	412,382	308,652
2024-02-27	$198.92	$140.00	89.2%	26.7%	100.8%	45.2%	95.2%	-12.5%	-0.2%	72.9M	-5.38B	-14.4M	0.46	4.50	221,412	102,207	457,664	352,057
2024-02-28	$199.63	$145.00	93.7%	28.2%	100.4%	51.7%	100.8%	-13.5%	0.4%	68.4M	-5.23B	-14.6M	0.55	10.35	313,255	172,907	471,129	374,221
2024-02-29	$202.80	$150.00	89.0%	25.9%	99.0%	44.9%	95.7%	-10.2%	-2.7%	67.8M	-5.19B	-15.3M	0.58	13.92	180,134	104,919	496,734	406,839